If they can't handle the analysis on the client's current situation, then they won't be able to recommend a rollover."Daniel Bernstein, chief compliance counsel, MarketCounsel |
Summary: The Best Interest Contract Exemption is one of the main pillars of the Labor Department's fiduciary rule. Without it, many brokers and advisers wouldn't be able to continue doing business in retirement accounts under current business practices and compensation arrangements. But with it, there is a way forward (albeit with more compliance requirements and litigation risk).
If they can't handle the analysis on the client's current situation, then they won't be able to recommend a rollover."Daniel Bernstein, chief compliance counsel, MarketCounsel |
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